Large Inflow of Money Witnessed in Spectra Energy Corp

Spectra Energy Corp (SE) : $30.87 million worth of transactions were on upticks in Spectra Energy Corp (SE), compared to $21.52 million on downticks. The ratio between the two was 1.43, whereas, the net money flow stood at a healthy $9.35 million on Thursdays session.The block trades show a bullish bias with only $3.16 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $14.87million worth of trades. The up-down ratio between the uptick and downtick was 4.7, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $11.71 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.96%. The stock was trading at $36.02, with a drop of $0.35 over the previous days close. The stock recorded -1.8% for the week.


Spectra Energy Corp (SE) : The highest short term price target forecast on Spectra Energy Corp (SE) is $39 and the lowest target price is $30. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $32.78 with a standard deviation of $2.73. The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 10.45%.

Spectra Energy Corp (NYSE:SE): The stock opened at $36.61 on Thursday but the bulls could not build on the opening and the stock topped out at $36.82 for the day. The stock traded down to $35.83 during the day, due to lack of any buying support eventually closed down at $36.02 with a loss of -0.96% for the day. The stock had closed at $36.37 on the previous day. The total traded volume was 4,565,631 shares.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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